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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #226,821
  • Jun 1, 2010 3:23pm Jun 1, 2010 3:23pm
Quoting metlife777
did you see that handwriting on the wall?

are you weekly trader ??? yes weekly i do conisder bearish ?

i tihnk you are more a 1 hour and lower tf trader . am i right ?

what does that looks like ? bearish ??? i dont think so

and BTW we can even break 138 and we are still extemely bearish

138 is absoluut nothing to consider bearish or bullish .its only a number ..how do you get above 138 is bullsih ???
indicatoooors ? dont trust them
  • #226,822
  • Edited 4:53pm Jun 1, 2010 4:42pm | Edited 4:53pm
Quoting fullhouse
are you weekly trader ??? yes weekly i do conisder bearish ?

i tihnk you are more a 1 hour and lower tf trader . am i right ?

what does that looks like ? bearish ??? i dont think so

and BTW we can even break 138 and we are still extemely bearish

138 is absoluut nothing to consider bearish or bullish .its only a number ..how do you get above 138 is bullsih ???
indicatoooors ? dont trust them
don't get it wrong bro, BUT NOW

on the H1 tf, the 3 SMAs: SMA4, SMA9 & SMA18 ( it's a system that works everytime on forex and also on other markets, u can ceck in books and in very big trader's opinions & experiences ) tells that gj will touch 150% 132.80, 90% will touch 132.50 & 60% will touch 132.00

AND

touching 132.80 level means it will broke 133.25 support area, making gj neutral for the next 12 hours

touching 132.50 level will make gj bearish for the next 15 hours

and touching 132.00 level will make gj strongly bearish for the next 18 hours

ALSO

because four H1 candles are parts of the H4 candle,

if breaks 131.80-132.00 support area, gj will became neutral on H4 tf

more, if gj breaks tomorow the 131.00-130.80 area, gj will became bearish on H4 tf for more than 12 hours from that moment of breaking

SO, please keep this post in your mind for the next 24 hours ( 'cause i'll be at work and i'll be unable to write on this thread ) and tell me please if this analysis is correct or not; don't tell me this now

p.s. i'm speaking like an intraday trader on H1 & H4 time frames & i used this metod of the 3 SMAs in the last six months and i made a minimum of 1100 pips per month and a maximum of 2400 pips last month

p.s.2: i like your analysis, i appreciate you but i'd love if you'll not make more drawing charts, sometime with future's speculated patterns i simply don't like speculations and i follow only what the 3 SMAs are showing on the chart ( moving averages never lies )

p.s.3: using same 3 SMAs method, i see gj making a new low this month ( possible touching 120.00 evel like i said in april,18 in my sentiments that can be seen ) and maybe making a real retrace next month

bro, keep your good work i appreciate it
LOL
  • #226,823
  • Jun 1, 2010 4:51pm Jun 1, 2010 4:51pm
Karimfx,
SMA = Smoothed or Simple?
Thanks
  • #226,824
  • Jun 1, 2010 4:52pm Jun 1, 2010 4:52pm
Closed earlier short @ 133.04. 15m bearish divergence now played out.

Looking for a scalp back up now.....
  • #226,825
  • Jun 1, 2010 4:54pm Jun 1, 2010 4:54pm
Quoting plucker01
Karimfx,
SMA = Smoothed or Simple?
Thanks
simple moving average
LOL
  • #226,826
  • Edited 5:18pm Jun 1, 2010 5:08pm | Edited 5:18pm
Quoting plucker01
Karimfx,
SMA = Smoothed or Simple?
Thanks
one more thing..

i follow H1 & H4 time frames, but i enter gradually

for an exact entry, i watching M15 tf and i enter with 10% of a calculated amount using money management

if M30 tf also confirms to enter in the same direction, i add more 20% of the amount in same long/short direction

if on H1 tf the 3 SMAs confirms same long/short direction of the pair, i add another 30% of the amount

and if on H4 tf the pair confirms the same direction using the 3 SMAs, i add another 40% of the amount

that's how i enter gradually in a builded position; only on the H4 tf, gj is rewarding me with at least 200 pips from the H4 tf's entering point, which is enough for me and that's why i love gj and i trade only this pair

p.s.: "the amount" represents a number of lots between 3% and 4% of my account balance; that's a good method to use the 3 SMAs method with a good money management to reach the proposed goal, which for me represents minimum 10% raise of the account balance per week ( every week i have only 3 or 4 wining trades builded like that and it's very easy to calcullate that a 10% raise per week can easily be achieved like that )

p.s.2: in ranging days, it's possible to not receive the confirmation from H4 tf; in those moments, i'm rewarded only with 60-70 pips from H1 tf's SMAs indications

p.s.3: my ideea that gj will go at least a little down is the engulfing bearish that can be seen on H2 tf on gj and on gu too

trade safe and a good night ( in romania now it's 1:14 AM )
LOL
  • #226,827
  • Edited 5:52pm Jun 1, 2010 5:27pm | Edited 5:52pm
Quote:
Originally Posted by hindart http://cdn.forexfactory.com/images/buttons/viewpost.gif
my short order triggered at 134.45.
Quoting hindart
playing safe: SL set at BE now.
covered shorts =133.3 a bit late though. will short again around 136 if it goes there. I am not playing longs in this week.
  • #226,828
  • Jun 1, 2010 5:30pm Jun 1, 2010 5:30pm
Closed long scalp for +30. Going to bed now. night night everyone.
  • #226,829
  • Jun 1, 2010 5:44pm Jun 1, 2010 5:44pm
Thanks again for this info
  • #226,830
  • Jun 1, 2010 5:46pm Jun 1, 2010 5:46pm
Quoting karimfx
don't get it wrong bro, BUT NOW

on the H1 tf, the 3 SMAs: SMA4, SMA9 & SMA18 ( it's a system that works everytime on forex and also on other markets, u can ceck in books and in very big trader's opinions & experiences ) tells that gj will touch 150% 132.80, 90% will touch 132.50 & 60% will touch 132.00

AND

touching 132.80 level means it will broke 133.25 support area, making gj neutral for the next 12 hours

touching 132.50 level will make gj bearish for the next 15 hours

and touching 132.00 level will make gj strongly bearish for...
aish complicated!!!

you must know better than me of indies and moving averages..
i keep it simple and trade only supp/ress levels.nothing more,nothing less..

all what i know is below 130 supp is bearish and lows will get target,,so far we are above and we can see more to the upside.. if we topped at 134/135/136 and its clean and confirmed then i will short...but so far we are in a start of retracement on daily .so its waaay to early to see confirmations of topping.

i dont trade much,but when i do,i do have confirmations from all angles.so far its better to buy gbp/jpy rather than to sell .. its obv . isnt it ? on lower TF ?

wow ..nice pipping on a monthly basis ... a million is not far away ! keep it up


i post earlier ..to buy gbp/jpy at 132.90/133 ,and i did ..why ? its on a untested supp level . i dont care up opr down actually ,but i do care not to miss that untested levels...its my bread and butter of trading..but closed it agian after 50 pips

have you ever had 68 trades all wins ina row ? lol.. min of 30 pips and max 1000 ? .. me got it ... but on a diff acc,,where i try to trade only THE BEST OF ALL AND MOST CONFIDANCE ONES..it took me a long time,because sometimes ,i only see a real good one , one in 2 weeks,,so it took me months..but got it right 68... i was aim for 100 but could only make it to 68...
trading get real boooring ,but keeop yourself busy with other acc and try diff technics...

i transfer 2day funds over to another acc ... my next mission is build an acc from 150$ to 10k ... i start 2day . i done it before ,but after i get 4k then i max it out to make that 10,but failed...will try to stick to MM ...i try to stick to all differant challenges ,and that keep me away from my real accounts not to trade that useless entries of everyday's .. 1 trade a week is more than enough ..so yeah .. crazy man ,but it works!!!!
  • #226,831
  • Edited 6:11pm Jun 1, 2010 5:53pm | Edited 6:11pm
Quoting naatha
Look so. GJ 1d
wave 5 in red?i will watch trendline if it break to complete wave a in yellow.thanks for reply
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 37 KB
Gold Expedition Return This Year: -16.4%
  • #226,832
  • Jun 1, 2010 6:38pm Jun 1, 2010 6:38pm
will be ..... soon. carefull n watch out
  • #226,833
  • Jun 1, 2010 6:55pm Jun 1, 2010 6:55pm
There we see an untested supply. Now we have gone back to test on low volume. This is indication of buying signal
Attached Image (click to enlarge)
Click to Enlarge Name: gj daily 1.gif Size: 59 KB
Read the entire market, money is made on the main trend not the fluctuation
  • #226,834
  • Jun 1, 2010 7:12pm Jun 1, 2010 7:12pm
Quoting karimfx
don't get it wrong bro, BUT NOW

on the H1 tf, the 3 SMAs: SMA4, SMA9 & SMA18 ( it's a system that works everytime on forex and also on other markets, u can ceck in books and in very big trader's opinions & experiences ) tells that gj will touch 150% 132.80, 90% will touch 132.50 & 60% will touch 132.00
...........
Not taking a personal dig at you but can you please refrain from using such strong statements as that on the thread. Too many newbies out there will take it as the trading holy grail and to rely on "books" and "very big trader's opinions & experiences" as your evidence will merely have the senior members here rolling their eyes at you.

Personally, I have used a similar method when i tried to simplify the alligator indicator down to a triple EMA system. While it certainly has its charms as a simple to construct and understand indicator it's major weakness' is its inability to predict any rapid large move especially after a bout of consolidation, nor is it much good when it comes to large ranging movements, patterns of both which are very common with GJ as well as many other markets. Case in point, US session move 01/06/2010 on the YM would have ended up tripping an SL when that quick drop suddenly materialised.
  • #226,835
  • Edited 7:45pm Jun 1, 2010 7:29pm | Edited 7:45pm
Quoting Eulogy
Not taking a personal dig at you but can you please refrain from using such strong statements as that on the thread. Too many newbies out there will take it as the trading holy grail and to rely on "books" and "very big trader's opinions & experiences" as your evidence will merely have the senior members here rolling their eyes at you.

Personally, I have used a similar method when i tried to simplify the alligator indicator down to a triple EMA system. While it certainly has its charms as a simple to construct and understand indicator it's...

no disrespect for you or everyone here, BUT this method is used by very big traders for sure

the rapid trend changes moves the SMAs also, so i recommend SLs

i never recommended to use this system, i said only moving averages never lies

also i explained i use it on H1 or bigger time frames and i said i use lower time frames just for an exact entry

that's why i enter gradually starting with M15 tf

also, did you read the method explanation? on my posts you can find it 'cause i post it few months ago

also, every day i pay attention to DPP and supp/resist and waiting rapid moves there, so i'm carrefully in those areas

i never enter in positions using SMAs without confirmation

p.s: you can see my sentiments based on this method

eu have reached the minimum tp 1.25, gu is coming next to 1.35 and gj for sure will reach 120 at least, like i said in april,18

my time limit for those TPs is july,17

if until then gu and gj will not reach those levels, i promise i'll stop to post my opinions on this thread 'cause using SMAs & money management is not recommended in forex

don't need replies 'cause until july,17 or until mt TPs will be hited i'll not post anything there

thanks
LOL
  • #226,836
  • Jun 1, 2010 8:05pm Jun 1, 2010 8:05pm
Major levels for the mean time.

a good scalping chance show at 136.870 to open sell for 30 up to 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gjh4.gif Size: 27 KB
  • #226,837
  • Jun 1, 2010 8:10pm Jun 1, 2010 8:10pm
Quoting karimfx
no disrespect for you or everyone here, BUT this method is used by very big traders for sure

the rapid trend changes moves the SMAs also, so i recommend SLs

i never recommended to use this system, i said only moving averages never lies

also i explained i use it on H1 or bigger time frames and i said i use lower time frames just for an exact entry

that's why i enter gradually starting with M15 tf

also, did you read the method explanation? on my posts you can find it 'cause i post it few months ago

also, every day i pay attention to DPP...
Every opinion here is welcome, so long as it is presented in a courteous manner, respects others' opinions and is not used to as a means to promote a single 'magical holy grail' method/trading system.

Quoting karimfx
if until then gu and gj will not reach those levels, i promise i'll stop to post my opinions on this thread 'cause using SMAs & money management is not recommended in forex
No petulance please, it does not become you.
  • #226,838
  • Jun 1, 2010 8:12pm Jun 1, 2010 8:12pm
Quoting igmak
PA may go down to 133 (4hr sma(100) and sma(5), 1hr GANN) and then we will continue to 136.

Update charts. Added long @ 133.10 with SL at BE and 1st TP 136
Attached Image (click to enlarge)
Click to Enlarge Name: GJ - 2010-06-01 21-10.jpg Size: 772 KB
Do not follow my trades. Trade what you see on your own charts.
  • #226,839
  • Jun 1, 2010 8:17pm Jun 1, 2010 8:17pm
Quoting Eulogy
Every opinion here is welcome, so long as it is presented in a courteous manner, respects others' opinions and is not used to as a means to promote a single 'magical holy grail' method/trading system.



No petulance please, it does not become you.
don't put words in my mouth, i never said i found the "magical holy grail"

i not even invented this system, it is pure theory and proved practice in many decades

on threads, the newbies must learn theory too, not follow like sheeps what you or other voted friends of you camarilla say here

every newbie must know that you or others with votes received them from friends just to try to manipulate with posts

every opinion is welcomed is in fact just blah blah from your side and who try to explain a different opinion from yours it is not welcomed
LOL
  • #226,840
  • Jun 1, 2010 8:25pm Jun 1, 2010 8:25pm
Quoting karimfx
don't get it wrong bro, BUT NOW

on the H1 tf, the 3 SMAs: SMA4, SMA9 & SMA18 ( it's a system that works everytime on forex and also on other markets, u can ceck in books and in very big trader's opinions & experiences ) tells that gj will touch 150% 132.80, 90% will touch 132.50 & 60% will touch 132.00

AND

touching 132.80 level means it will broke 133.25 support area, making gj neutral for the next 12 hours

touching 132.50 level will make gj bearish for the next 15 hours

and touching 132.00 level will make gj strongly bearish for the next...
I believe there is no bearish to the levels you mention before we at least touch the 135.40 !!
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